LBMA to seek clarification on recent US customs ruling
ReutersAug 8, 2025 5:58 PM
Aug 8 (Reuters) - The London Bullion Market Association (LBMA) on Friday said it will seek clarification on a recent U.S. customs ruling that the HS customs code of 7108.13.5500 should be used for deliveries of gold kilo bullion bar and 100 ounce bullion bar to the United States.
The LBMA said the development contrasts with the publicly stated intention by the U.S. government in April 2025 to exempt bullion from reciprocal tariffs.
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